September 28, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “These results again demonstrate the exceptional grade potential and predictability of the LP Fault’s near surface bulk tonnage gold mineralization. Notably, drill hole BR-166 intersected two wide zones of higher-grade gold mineralization, which combined averaged 3.76 g/t over a total of 103.4 metres at a vertical depth of 95 - 210 metres. Additionally, the best interval drilled along the eastern portion of the LP Fault grid to date was intersected in drill hole BR-180, which assayed 88.70 g/t gold over 1.35 metres.”

Dixie Project Highlights Include:
•Drilling continues to define gold mineralization on 50 - 75 metre centres along 5 kilometres of strike length of the LP Fault, to a vertical depth of approximately 500 metres. All (100%) of the 172 LP Fault drill holes completed to date have successfully intersected the structure and gold mineralization.
•New results include 4.61 g/t gold over 39.80 metres and 3.22 g/t gold over 63.60 metres on section 20100 towards the middle of the LP Fault zone in drill hole BR-166. These intervals occur from 117.20 to 157.00 metres and 221.60 to 285.20 metres downhole respectively. High-grade sub intervals include a high strain zone which assayed 28.26 g/t gold over 5.10 metres, including a strongly mineralized core of 121.00 g/t gold over 1.00 metre, and a transposed vein zone which assayed 19.78 g/t gold over 8.90 metres. Table 1.
•Drilling on section 18850, located 1.25 kilometres to the southeast of BR-166 has intersected the best gold interval to date within the eastern kilometre of the Company’s current grid drill program. Drill hole BR-180 assayed 88.70 g/t gold over 1.35 metres. Only 17 drill holes along 1.4 kilometres have been completed in this area to date, with drill fences spaced approximately 200 metres apart on average.
•An updated plan map of LP Fault drill results is provided in Figure 1. An updated long section is provided in Figure 2. A cross section through the new intercept in BR-180 is provided in Figure 3.

Table 1: Current LP Fault drill results. Drill sections are arranged from southeast (top of Table) to northwest (bottom of Table).

Drill Hole From (m) To (m) Width* (m) Gold (g/t) Section
BR-180 238.00 256.00 18.00 6.92 18850
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About the Dixie Project

The Dixie Project is 100% owned, comprised of 9,140 hectares of contiguous claims that extend over 22 kilometres, and is located approximately 25 kilometres southeast of the town of Red Lake, Ontario. The project is accessible year-round via a 15 minute drive on a paved highway which runs the length of the northern claim boundary and a network of well-maintained logging roads.

The Dixie Project hosts two principal styles of gold mineralization:
•High-grade gold in quartz veins and silica-sulphide replacement zones (Dixie Limb, Hinge and Arrow zones). Hosted by mafic volcanic rocks and localized near regional-scale D2 fold axes. These mineralization styles are also typical of the significant mined deposits of the Red Lake district.
•High-grade disseminated gold with broad moderate to lower grade envelopes (LP Fault). The LP Fault is a significant gold-hosting structure which has been seismically imaged to extend to 14 kilometres depth (Zeng and Calvert, 2006), and has been interpreted by Great Bear to have up to 18 kilometres of strike length on the Dixie property. High-grade gold mineralization is controlled by structural and geological contacts, and moderate to lower-grade disseminated gold surrounds and flanks the high-grade intervals. The dominant gold-hosting stratigraphy consists of felsic sediments and volcanic units.

About Great Bear